diff --git a/matlab_proxy/util/event_loop.py b/matlab_proxy/util/event_loop.py
index 97b259f..1791752 100644
--- a/matlab_proxy/util/event_loop.py
+++ b/matlab_proxy/util/event_loop.py
@@ -25,7 +25,15 @@ def get_event_loop():
         # If execution reached this except block, it implies that there
         # was no running event loop. So, create one.
         if system.is_posix():
-            loop = asyncio.get_event_loop()
+            try:
+                # Creates loop before python <=3.13,
+                # fails with RuntimeError for greater versions
+                loop = asyncio.get_event_loop()
+            except RuntimeError:
+                # For python versions >=3.14:
+                # create the loop and set it as the current event loop
+                loop = asyncio.new_event_loop()
+                asyncio.set_event_loop(loop)
         else:
             loop = windows.get_event_loop()
 
diff --git a/pyproject.toml b/pyproject.toml
index df806ee..576d775 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -11,7 +11,7 @@ description = "Python® package enables you to launch MATLAB® and access it fro
 readme = "README.md"
 license = "LicenseRef-MATHWORKS-CLOUD-REFERENCE-ARCHITECTURE-LICENSE"
 license-files = ["LICENSE.md"]
-requires-python = ">=3.10, <3.14"
+requires-python = ">=3.10, <3.15"
 authors = [
     { name = "The MathWorks Inc.", email = "cloud@mathworks.com" },
 ]